Equities market rises, investors pocket N426bn
The Nigerian equities market ended the week with a notable gain, as investors earned N426.69 billion due to increased trading…
Day: December 9, 2024
Coronation Joins AFIS as Gold Sponsor, Championing Innovation in African Finance
Coronation Group has announced its role as a Gold Sponsor at the Africa Financial Summit (AFIS), set to take place…
PalmPay Partners with NFIU to Boost Financial Security in Nigeria
PalmPay, a leading Nigerian fintech company, has reaffirmed its commitment to tackling financial fraud through advanced technology. During a recent…
Banks’ Recapitalisation, New Listings Boost NGX Market Cap by N8.1tn
In 2024, the Nigerian Exchange Limited (NGX) saw a remarkable surge of N8.1 trillion in its market capitalization, despite Nigeria’s…
Data expose gaps in Nigeria’s $1trn GDP target
Recent data from Nigeria’s National Bureau of Statistics (NBS) reveals a significant drop in the country’s GDP in dollar terms,…
Marketers Begin Direct Loading From Dangote Refinery
Independent Petroleum Marketers Association of Nigeria (IPMAN) has commenced direct premium Motor Spirit (PMS) from the Dangote Refinery, following an…
Naira Sees Massive Recovery Amid New Forex System
The Nigerian Naira has experienced significant appreciation across all foreign exchange markets following the implementation of the Central Bank of…
FirstBank unveils entertainment hub
FirstBank has launched Bluu TV, a new entertainment hub designed to support Nigeria’s creative arts sector, as part of its…
Organised Private Sector (OPS) urges sustenance as naira gains N137/$
The naira strengthened significantly against the dollar, gaining N137 within a week following the Central Bank of Nigeria’s (CBN) introduction…
Cardoso’s first year sees naira rally amid stubborn inflation
In his first year as Central Bank of Nigeria (CBN) governor, Olayemi Cardoso implemented significant monetary reforms aimed at stabilizing…
UBA Outperforms Peers As Investors Earn 375% Capital Returns
United Bank for Africa (UBA) has delivered an impressive 375% capital gain to its investors over the past five years,…
Customs integrates 23 Banks for seamless duty payments on B’Odogwu Platform
The Nigeria Customs Service (NCS) has introduced the B’Odogwu Information and Communication Technology (ICT) platform to streamline the import duty…
EFEMS, Eurobond issuance bolster FX reserves, Naira stability
The Central Bank of Nigeria (CBN) has taken significant steps to stabilize the foreign exchange (FX) market, including the introduction…
Inflation and Rising Raw Material Costs Challenge Confidence in Food, Beverage, and Textile Manufacturing
The Nigerian manufacturing sector is facing significant challenges, including inflation, high raw material costs, low government support, and a surge…
Foreign investments in telecoms crash by $99m – NBS
Foreign investments in Nigeria’s telecommunications sector dropped significantly in the third quarter of 2024, falling to $14.4 million, an 87%…
Asia stocks slip on South Korea turbulence, China disinflation
Asian stock markets faced a challenging start to the week as South Korean stocks tumbled by 2.4%, driven by political…
Total inflows into NAFEM grew to $4.05bn in November –FMD
The Nigerian Autonomous Foreign Exchange Market (NAFEM) experienced significant growth in November, with total inflows rising by 32.9% month-on-month to…
Nigerians Frustrated by NIN Modification Failures as Banks and NIMC Shift Blame
Nigerians face significant challenges with the National Identity Number (NIN) modification process, which has disrupted banking transactions and personal record…
WAPCO, Seplat, and Access Holdings boost stock market to N59.5trn
The Nigerian equities market closed last week with a bullish performance, as gains from Wapco, Seplat, and Access Holdings pushed…